rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

I'm aware that the 'cliff' should drag the main indicies down, however there seams to be more support currently...

Yes it seemed to turn tail @6,500 for now.

I've still got 25% of my short running and will probably leave it over the weekend.

I had a little stab long but closed out at a loss as wasn't comfortable with the position. Currently have no indicie plays at the moment, maybe we'll get some direction thisafternoon

Anyone been watching GBP/USD?? I think we're on the verge of a retracement, I'm targeting 1.61 to place a short off. Anyone else got any ideas??

Shortie - I hope you are not long.

a bleak day ahead - or perhaps several - as the stupid ami politicians play games .... makes our lot look positively intelligent and statesmanlike

.

Morning all, for someone that likes to be short can't believe I missed the weekends fall... Oh well..

Going long 6467.8

I've closed the remainder of my short for now +145 - I was temped much lower pre- market.

Well done Skinny, nice profit...

Cheers Shortie - I contemplated reversing @6,433 pre-market - but obviously didn't!!

30 min FTSE

what a very silly day
quite how my portfolio ended up slightly ahead is beyond my comprehension

I agree Cynic, closed down indicie positions and currency positions as theres no real direction at the moment. Hope this 'dire straights' doesn't last too long..

I've been in and out this afternoon - but I appear to be short again @6,467.

Deadlocked Congress brings U.S. government to edge of shutdown

WASHINGTON | Mon Sep 30, 2013 9:18pm BST
(Reuters) - The U.S. Congress, still in partisan deadlock on Monday over Republican efforts to halt President Barack Obama's healthcare reforms, was on the verge of shutting down most of the U.S. government starting on Tuesday morning.

With the law funding thousands of routine government activities set to expire at midnight, U.S. Senate Democrats killed a proposal by the Republican-led House of Representatives to delay Obamacare for a year in return for temporary funding of the federal government beyond Monday.

I hear that the same thing happened 17 years ago and the US government did actually shut down, so a last minute solution isn't necessarily guaranteed.

That one lasted for 28 days!